NIFTY50 near 25,200, SENSEX jumps 410 pts in afternoon session; Nykaa, Tata Motors among buzzing stocks

The Indian stock market remained rangebound in the afternoon session on Tuesday, October 7, tracking global cues.

Jio Financial Services shares were the biggest contributor, soaring 1.91%, followed by Bharti Airtel (1.62%), Eicher Motors (1.49%), HCL Technologies (1.49%) and HDFC Bank (1.29%).

Buzzing stocks on October 7: Checklist

Coal India (CIL) shares gained nearly 2% to touch an intraday high of ₹388.95 apiece on Tuesday as the PSU firm entered into an agreement with Chhattisgarh Mineral Development Corporation.

The Maharatna PSU, Coal India Limited, and Chhattisgarh Mineral Development Corporation Ltd (CMDC), a Chhattisgarh State Government undertaking, have signed a non-binding Memorandum of Understanding (MoU) to collaborate on the exploration and extraction of critical minerals and other minerals of mutual interest.

Following the development, shares of Coal India emerged as one of the top gainers on the NIFTY50 index. At 12:50 AM, the stock was trading at ₹385.35 apiece, rising 0.90%.

Shares of Bank of India gained as much as 2.70% to touch an intraday high of ₹129.45 apiece on Tuesday after the company announced its business updates for the quarter ended September 30.

The bank reported an overall year-on-year growth of 11.8% in its global business, which stood at ₹15.61 lakh crore as of September 30, 2025. Both deposits and advances showed steady improvement, with global deposits rising 10.08% and gross advances up 13.94% during the period.

On the domestic front, deposits grew 8.53%, supported by a 14.15% rise in retail term deposits. Domestic gross advances also increased 14.62% compared to the previous year.

Last seen at 1 PM, shares of Bank of India were trading 0.83% higher at ₹127.09 apiece on NSE.

Nykaa parent FSN E-Commerce Ventures shares have been in focus following its July–September quarterly business updates. The stock has surged over 7% in the past two trading sessions, gaining 2.31% on Tuesday, October 7, to its 52-week high of ₹261.26 per share.

FSN E-Commerce Ventures Limited, along with its subsidiaries, has seen an accelerated growth momentum in Q2 FY2026, with consolidated gross merchandise volume (GMV) growth expected to be close to the thirties, compared to the mid-twenties in the last few quarters. This superior performance is driven by renewed growth in the fashion vertical and healthy performance of the beauty vertical.

Nykaa’s Beauty vertical is expected to deliver net sales value (NSV) and net revenue growth in the mid-twenties, marking 10+ consecutive quarters of sustained growth momentum.

House of Nykaa brands continue to witness rapid growth driven by robust performance of acquired brands like Dot & Key, as well as homegrown brands like Kay Beauty and Nykaa Cosmetics.

At 1 PM, Nykaa shares were trading 3.22% higher at ₹263.57 apiece on NSE.

Shares of Trent continued to trade lower for the second consecutive day on Tuesday after the company shared its update for Q2 FY26 and H1 FY26.

It said that standalone revenue from the sale of products during the September quarter increased 17% YoY to ₹5,002 crore, while in the first half of FY26, the company saw an increase of 19% YoY.

As of September 30, 2025, Trent said its store portfolio included 261 Westside, 806 Zudio (including 3 in the UAE), and 34 stores across other lifestyle concepts.

Established in 1998 from a former cosmetics business, Trent is a part of the Tata Group, operating various retail formats, including the flagship department store Westside and value fashion brand Zudio. 

At 1:02 PM, Trent shares were trading at ₹4,685.20 apiece on NSE, declining 1.93%. It was one of the top losers on the 50-share index.

Tata Motors shares came into focus on Tuesday after its luxury car unit, Jaguar Land Rover (JLR), announced it will begin a phased restart of manufacturing operations starting October 8.

JLR stated in its official release that the phased restart of manufacturing operations will begin at its electric propulsion manufacturing centres, both located in the West Midlands, UK.

On September 23, JLR announced a further extension of its ongoing production shutdown until October 1, as the company continues to deal with the fallout of a cyber hack since the start of this month.

Tata Motors shares have fallen over 2% to an intraday low of ₹698.15 apiece on NSE. At 1:08 PM, the stock was trading 1.54% lower at ₹701.65 per share.

Shares of logistics service provider Glottis Ltd debuted at ₹84 per unit on the National Stock Exchange on Tuesday, reflecting a discount of 34.88% against the IPO issue price of ₹129 apiece. On the BSE, the stock listed at ₹88, down 31.78% from the issue price.

A lot consisted of 114 shares. Investors who received Glottis IPO allotment saw the value of their investment drop to ₹9,576.

The Chennai-based company's ₹307 crore initial share sale was a mix of a fresh issue worth ₹160 crore and an offer for sale (OFS) of up to 1.14 crore equity shares amounting to ₹147 crore.

The initial public offering attracted 2.05 times subscription during the three-day subscription window, as it got bids for 41,293,878 shares compared to 20,123,929 shares on offer, as per the BSE data.